EURUSD is forming a sideways consolidation in a range between 1.2859 and 1.2987. As long as 1.2987 resistance holds, the downtrend from 1.3411 could be expected to resume, and another fall towards 1.2500 is still possible. Key resistance is located at the falling trend line on 4-hour chart, only a clear break above the trend line resistance could signal completion of the downtrend, then the pair will find resistance around 1.3150.
For more short term forex analysis and info visit via EURUSD Daily Analysis - September 11, 2014 . Thanks for your support.
No comments:
Post a Comment